Money & Banking

Money & BankingMoney & Banking.

Job losses, pay cuts impact? Bank deposits sink ₹74,727 cr as of June 19.

Either people are dipping into savings or diversifying into MFs and stocks.

Covid-19 impact: SBI expects flat growth in corporate loan book in FY21.

Balance sheet strength of corporates key to survive Covid-19 crisis: SBI’s Ecowrap.

Bharat Bond ETF: Second tranche to open on July 14.

Latest.

Job losses, pay cuts impact? Bank deposits sink ₹74,727 cr as of June 19.

Multiplex players seek nod to reopen in non-containment zones.

Axis Bank to raise ₹15,000 crore as capital through various instruments.

Kotak Mahindra Bank, Innoviti tie up to offer EMIs.

Release Sishu loan interest subvention amounts to borrowers, SIDBI tells banks.

HDFC Bank launches instant auto loan product.

Axis Bank plans to raise ₹15,000 crore as capital.

Liquidity, asset-quality will remain challenging for NBFIs: Fitch Ratings.

Non-bank NPAs could rise to 5-7% by March 2021: ICRA.

Latest.

Job losses, pay cuts impact? Bank deposits sink ₹74,727 cr as of June 19.

Multiplex players seek nod to reopen in non-containment zones.

Axis Bank to raise ₹15,000 crore as capital through various instruments.

Kotak Mahindra Bank, Innoviti tie up to offer EMIs.

Release Sishu loan interest subvention amounts to borrowers, SIDBI tells banks.

HDFC Bank launches instant auto loan product.

Axis Bank plans to raise ₹15,000 crore as capital.

Liquidity, asset-quality will remain challenging for NBFIs: Fitch Ratings.

Non-bank NPAs could rise to 5-7% by March 2021: ICRA.

Gold loans shine as small businesses, borrowers look for .

Gold loans shine as small businesses, borrowers look for .

As banks become cautious about lending, gold loans have turned into an easy and quick option for small .

As banks become cautious about lending, gold loans have turned into an easy and quick option for small .

Union Bank to offer insurance products after merger with .

Union Bank to offer insurance products after merger with .

Following the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) with effect from .

Following the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) with effect from .

Bring State Financial Corporations under ECLGS ambit, urges .

Bring State Financial Corporations under ECLGS ambit, urges .

Kerala Finance Minister Thomas Isaac has requested Union Finance Minister Nirmala Sitharaman to bring the .

Kerala Finance Minister Thomas Isaac has requested Union Finance Minister Nirmala Sitharaman to bring the .

Other.

Multiplex players seek nod to reopen in non-containment zones.

Multiplex players seek nod to reopen in non-containment zones.

Pointing out that nearly 20 markets globally have allowed resumption of cinemas with the requisite safety protocols, the Multiplex Association of .

Axis Bank to raise ₹15,000 crore as capital through various instruments.

Axis Bank to raise ₹15,000 crore as capital through various instruments.

Private sector lender Axis Bank will raise ₹15,000 crore as capital through various instruments. The decision was taken at a meeting of the bank’s .

Kotak Mahindra Bank, Innoviti tie up to offer EMIs.

Kotak Mahindra Bank, Innoviti tie up to offer EMIs.

Kotak Mahindra Bank and Innoviti Payment Solutions on Thursday announced that they have collaborated to offer equated monthly instalments (EMI) .

Release Sishu loan interest subvention amounts to borrowers, SIDBI tells banks.

Release Sishu loan interest subvention amounts to borrowers, SIDBI tells banks.

The Small Industries Development Bank of India (SIDBI) has asked banks and other member lending institutions (MLIs) to ensure release of interest .

HDFC Bank launches instant auto loan product.

HDFC Bank launches instant auto loan product.

HDFC Bank on Thursday announced its plans to offer instant auto loans called ZipDrive to its customers in 1,000 cities.“The offering is now being .

Axis Bank plans to raise ₹15,000 crore as capital.

Axis Bank plans to raise ₹15,000 crore as capital.

Private sector lender Axis Bank will raise ₹15,000 crore as capital through various instruments.The decision was taken at a meeting of the bank’s .

Liquidity, asset-quality will remain challenging for NBFIs: Fitch Ratings.

Liquidity, asset-quality will remain challenging for NBFIs: Fitch Ratings.

Fitch Ratings expects liquidity and asset-quality challenges to remain as key issues for the non-banking finance institution (NBFI) sector, as .

Non-bank NPAs could rise to 5-7% by March 2021: ICRA.

Non-bank NPAs could rise to 5-7% by March 2021: ICRA.

The asset quality of non-banking finance companies (NBFCs) could weaken sharply in the current fiscal, as the Covid-19-related lockdowns have .

Blackstone leads race for major stake in L&T MF.

Blackstone leads race for major stake in L&T MF.

Private equity firm Blackstone Group has emerged as the front-runner to acquire a significant stake in Mumbai-based L&T Mutual Fund. Stock broker .

RBI liquidity scheme for NBFCs/ HFCs to mitigate risk of defaults for banks, MFs.

But the scheme will offer relief only to certain NBFCs, for the short-term. Clarity over group limits is also critical.

Now, get a gold loan sitting at home.

Muthoot Finance’s Loan@Home digital service takes into account Covid-related movement restrictions and safety concerns.

Govt floats SLS Trust to bail out stressed NBFCs, housing fin cos.

To buy short-term papers from entities to address systemic risks posed by their liquidity crunch.

Online sale of non-essential goods returning to pre-Covid levels.

Sale of non-essential goods on online platforms, which had come to a standstill during the lockdown, is beginning to return to pre-Covid levels for .

UPI, Bharat BillPay transactions scale new high in June.

Digital payments registered a sharp rebound in June as the economy began to slowly open up and consumers continuing to prefer contactless payments.The .

Covid will leave banking system with capital shortfall of at least $15 billion over two years: Fitch.

Capital requirements could soar to $58 billion in FY22 if economic contraction is worse than expected, says ratings agency.

No change in small savings rates for July-Sept quarter.

Govt’s move will encourage more people to invest in small savings.

Aye Finance to open up lending tap in July to micro enterprises.

Sees 25-30 per cent overall growth in loan portfolio in FY20-21 if Covid-19-induced disruptions settle by September.

Premji Invest and SBI General Insurance explore joint bid to acquire Future Generali: Report.

Last year, Premji Invest had acquired a 16.01 per cent stake in SBI General Insurance Company from Insurance Australia Group.

New India Assurance posts ₹127-crore net profit in Q4.

State-run general insurer New India Assurance reported a net profit of ₹126.6 crore for the fourth quarter of 2019-20, compared to a net loss of .

Chola Insurance sees traction in health, two-wheeler, tractor biz amid overall industry decline.

Chola MS General Insurance has indicated that the company is reaching close to pre-Covid-19 levels in two-wheeler insurance business, even as the .

Term of Union Bank MD extended.

The government has extended the term of Rajkiran Rai G as Managing Director and of Union Bank of India by two years till May-end 2022.As per Finance .

Non-food bank credit growth decelerates to 6.8% in May.

Non-food bank credit growth decelerated to 6.8 per cent in May 2020 from 11.4 per cent in May 2019 due to deceleration in credit growth to agriculture .

India registers surplus $0.6 billion in current account in Q4.

The surplus is primarily on account of lower trade deficit at $35 billion in the March quarter, says RBI.

Chairman, two directors of Dhanlaxmi Bank resign.

Sajeev Krishnan, Part-time Chairman and independent director of Dhanlaxmi Bank, has resigned from the Board due to personal reasons, the bank said .

ECLGS: Loan sanctioned exceed ₹1-lakh crore.

The much talked about ₹3-lakh crore 100 per cent Emergency Credit Line Guarantee Scheme (ECLGS) to support MSMEs in these trying times has seen loans .

Lakshmi Vilas Bank appoints CFO.

Our BureauLakshmi Vilas Bank, on Tuesday, appointed Hariharan K as Chief Financial Officer. “…the audit committee of the board and the board, in .

Multiplex chains to remain shut for another month.

Multiplex chains will remain shut at least for another month as the Central government has not given them the nod to open doorsin its latest .

HDFC Bank launches app for farmers.

Private sector lender HDFC Bank has launch e-Kisaan Dhan app for farmers across India to access a bouquet of agricultural and banking services on .

Old legal cases haunt companies acquiring assets under IBC.

Two years after it was acquired, the old serious fraud cases of Bhushan Steel Ltd (now Tata Steel BSL) and its subsidiary Angul Energy Ltd, continue .

SBI launches YONO branches in Navi Mumbai, Indore, Gurugram.

Move gives the bank’s digital banking app a brick-and-mortar presence.

Covid-19: Bank staff in Kerala gripped by fear of community spread.

The suspected potential for community spread of the Covid-19 pandemic has raised the hackles of bank staff in North Kerala, which is witnessing .

Indian banks’ NPLs to spike to 13-14% of total loans, warns S&P.

The Covid-19 pandemic may set back the recovery of India’s banking sector by years, which could hit credit flows and, ultimately, the economy, warned .

Swiggy ties up with ICICI Bank to launch digital wallet.

‘Swiggy Money’ helps customers hassle-free payment for food orders.

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